In this day and age, getting on the property ladder is hard. Since 2008, getting a first home of your own has been incredibly difficult in comparison to previous generations, and the deposit needed to get a mortgage can be a lot of money which is difficult to save up.
Many first time buyers need to have some help from parents when finding a deposit, or they remain living at home well into their late twenties and thirties in order to be able to save money for a deposit. There are government backed schemes like help to buy that can be useful for first time buyers, but in the UK there is a lack of affordable housing so finding something suitable can be difficult for a first time buyer.
There is another option for first time buyers however – building their own property from scratch. Although this can sound like a daunting option to someone who has no experience of property, there are companies such as this self build homes Sutton Coldfield based company that can help, so no building expertise is needed by the owner of the property!
Building a home of your own means that you don’t have to hunt around for affordable housing in your area – you just create your own! Although you need to purchase a plot of land, the new government rules in 2016 meant that this is now much easier as all councils are required to provide enough land to meet building demands.